HCLTECH trade ideas
Hcltech@PRZ 1037 now 1015 with stop 998 look for target 1090Hcltech@PRZ 1037 now 1015 with stop 998 look for target 1090
297 SAN. Simple Support Resist playDisclaimer: Set-up shown here is only for educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on passive analysis (PA)/ Static ANalysis (SAN). Many times Market does not provides good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)). Always run with SL.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA)/ Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. (ENT= Entry not triggered). If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen.
HCL Tech - KUMO Break OUTHCL Tech Kumo Break Out.
Future Kumo Positive.
Chikou Span not yet Free but price action can go up.
Short Moving Averages moving up to cross Long Moving Average.
SL - 1076
Can fill the Gap till 1123.
Catch
HCL TechPrice at the trendline and horizontal support line, with a low risk stop at yesterday low of 1070, we're buying it for an initial target of 1145, and then eventually if it is to continue with its trend, we could see 1200!
HCLTECH Might Come down to 1080-1050 levelsHCLTECH has taken resistance from trendline third time. Price also formed bearish pin bar on 4 hr chart. Expecting downside till 1070 this week with the stoploss of 1180 selling at 1155. Risk Reward more than 1:2
Short Sell HCL Tech Below 1102 There Is A Strong Support In Which HCT Tech Was Create A Low And If It Retest It Will Decline And Short Is Created
HCL Technologies
Company Info/Bio:
HCL Technologies Limited is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services. The Company's segments include software services, infrastructure management services and business process outsourcing services. The software services segment provides application development and maintenance, enterprise application, software as a service (SAAS) application services and engineering, and research and development (R&D) services to global customers. The infrastructure management services segment involves managing customer's IT assets. The business process outsourcing services segment includes contact center and help desk services. The Company delivers its solutions across select verticals, including financial services, manufacturing, retail and consumer products, media, publishing and entertainment, public services, energy and utility, healthcare, and travel, transport and logistics.
Chart Analysis:
This is a long in the nested demand area. will be going long .
Conc : this is an expensive stock
Prop: good setup
